Traders Sell Shares of Agilent Technologies Inc. (A) on Strength (A)
Investors sold shares of Agilent Technologies Inc. (NYSE:A) on strength during trading on Friday. $15.44 million flowed into the stock on the tick-up and $39.55 million flowed out of the stock on the tick-down, for a money net flow of $24.11 million out of the stock. Of all equities tracked, Agilent Technologies had the 0th highest net out-flow for the day. Agilent Technologies traded up $0.90 for the day and closed at $47.62
Several equities analysts have recently issued reports on A shares. Goldman Sachs Group Inc. restated a “buy” rating and set a $50.00 target price on shares of Agilent Technologies in a research report on Thursday. Leerink Swann reiterated an “outperform” rating and issued a $51.00 price objective on shares of Agilent Technologies in a research report on Thursday, June 30th. Zacks Investment Research upgraded Agilent Technologies from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Tuesday, May 10th. BTIG Research began coverage on Agilent Technologies in a research report on Friday, July 22nd. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Barclays PLC reiterated a “hold” rating and issued a $45.00 price objective on shares of Agilent Technologies in a research report on Wednesday, June 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.61.
The firm’s 50 day moving average price is $46.83 and its 200-day moving average price is $42.59. The firm has a market cap of $15.43 billion and a price-to-earnings ratio of 33.02.
Agilent Technologies (NYSE:A) last issued its earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The business earned $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Agilent Technologies Inc. will post $1.91 earnings per share for the current year.
In other Agilent Technologies news, Director James Cullen sold 16,922 shares of Agilent Technologies stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $44.63, for a total value of $755,228.86. Following the completion of the sale, the director now directly owns 84,541 shares in the company, valued at $3,773,064.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Other large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Agilent Technologies by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 480,354 shares of the company’s stock worth $20,083,000 after buying an additional 5,981 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $1,631,000. Suntrust Banks Inc. boosted its stake in shares of Agilent Technologies by 28.8% in the fourth quarter. Suntrust Banks Inc. now owns 33,943 shares of the company’s stock worth $1,418,000 after buying an additional 7,597 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Agilent Technologies by 0.5% in the fourth quarter. Advisors Asset Management Inc. now owns 32,792 shares of the company’s stock worth $1,371,000 after buying an additional 161 shares during the period. Finally, I.G. Investment Management LTD. boosted its stake in shares of Agilent Technologies by 43.0% in the fourth quarter. I.G. Investment Management LTD. now owns 166,115 shares of the company’s stock worth $6,945,000 after buying an additional 49,942 shares during the period.
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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